EURAUD Daily
Long EURAUD
Entry: 1.2200
Stop: 1.2000
PT: 1.2500
RR ratio: 1.5:1
Reason: A doji formed on the 50% Fib level and previous support area on the daily timeframe. Also, I think the sell off in the euro is overdone.
I’ve draw a trend line from the 9th August 2011 and its lines up with the 50% fib for support have a look and see what you think with post pic if you want